Stock Option Plan

12 Months Ended

Dec. 31, 2011

Stock Option Plan

Stock Option Plan

Note 9: Stock Option Plan

The Company had a stock option plan, the 1999 Stock Option Plan, that was adopted in 1999 and that was terminated on March 9, 2009. Incentive stock options were granted annually to key employees of NBI and its subsidiaries from 1999 to 2005 and none have been granted since 2005. All of the stock options are vested.

A summary of the status of the Company’s stock option plan is presented below:

Options	Shares	Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2011	109,500	$	22.14
Granted	---		---
Exercised	6,500		14.31
Forfeited or expired	26,000		22.08
Outstanding at December 31, 2011	77,000	$	22.82	4.62	$	393
Exercisable at December 31, 2011	77,000	$	22.82	4.62	$	393

There were 6,500 shares exercised in 2011 with an intrinsic value of $85. For 2010 and 2009, the intrinsic value of shares exercised were $0 and $59, respectively. No tax benefit was recognized on shares exercised in any of these years.